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"If the facts don't fit the theory, change the facts." Albert Einstein
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Re: Oil will be difficult to sustain above $100 per barrel

Supply and demand at work once again. My un-expert gut feeling has thought this for awhile. These high prices will work their magic on increasing production.

These high prices ($4.00 gas) will put extreme pressure on the gubernment to open up ANWR and off-shore drilling, and also to relax regulations on refining expansions.

The very thing some of the environmental/global warming groups want (high oil prices) may be the very thing that is the movement's undoing. If oil/gas prices continues to rise, peoples focus will change from environmental concerns to financial concerns, ie. lowering energy costs.

Also, as that article mentions, the current price per barrel is plenty high to make tar sands and shale extractions profitable.

Also, if history shows anything, sooner or later a member of OPEC will get greedy and raise production.

Re: Oil will be difficult to sustain above $100 per barrel

Originally Posted by brianhos

WooHOOOO!!!!! I am buying a Tahoe tomorrow!

So that '09 Nissan Maxima is no longer in the cards? Too bad...

Chuck Lidell: I paint my toenails with pink and black polish. Problem is, I get more paint on my toes and on the carpet than on my nails. Any advice?Maria Sharapova: Don't you beat up other guys for a living? I don't know how to answer this.

Re: Oil will be difficult to sustain above $100 per barrel

You know, it would have been really nice to invest the trillions of dollars spent in Iraq on alternative energy sources. I have to believe that a trillion dollars of government backing could produce an affordable, dependable car that runs on electricity, natural gas, hydrogen, etc. and allow us to give a big f-you to the Middle East.

Re: Oil will be difficult to sustain above $100 per barrel

Originally Posted by DJK15

You know, it would have been really nice to invest the trillions of dollars spent in Iraq on alternative energy sources. I have to believe that a trillion dollars of government backing could produce an affordable, dependable car that runs on electricity, natural gas, hydrogen, etc. and allow us to give a big f-you to the Middle East.

Re: Oil will be difficult to sustain above $100 per barrel

Originally Posted by DJK15

You know, it would have been really nice to invest the trillions of dollars spent in Iraq on alternative energy sources. I have to believe that a trillion dollars of government backing could produce an affordable, dependable car that runs on electricity, natural gas, hydrogen, etc. and allow us to give a big f-you to the Middle East.

Even without drain of Iraq, it looks like the money for alternative energy would be a pittance. The horspeower to divert funding to energy is just not there. The oil companies are doing okay under the current scenario.

Really, how hard is it to give big tax breaks to windmills in every windy state such as K-Y and others?

Let's drill offshore Florida now and try to beat the Chinese to the Cuban oil at the dividing line. Makes too much sense. The offsahore oil will be drillerd sooner or later anyway. Same for Alaska. When do you want me to start drilling? Today, twenty years or forty years from now?

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